3 bedroom detached bungalow for sale

£695,000 Guide Price

3

Bedrooms

3

Bathrooms

1

Reception

Floorplan

Established large three bedroom detached bungalow located in a country semi-rural position on the edge of Colchester in the parish of Stanway. The property does require some updating but sits on a mature plot of approaching three quarters of an acre (0.72 acre)
Ground Rent :0



Features
  • Freehold


Property additional info

RECEPTION HALL: 15' 6" x 7' 6" (4.72m x 2.29m)
Double glazed frosted side lights to front, radiator, access to loft.

KITCHEN/BREAKFAST ROOM: 17' 2" x 11' (5.23m x 3.35m)
Double glazed window to front, radiator, work top with inset stainless steel single drainer double bowl sink unit with mixer taps above, fitted extractor hood, wooden fitted units with base cupboards with drawers, matching wall mounted units, fitted dishwasher, part tiled walls.

SITTING/DINING ROOM: 21' 9" x 18' 2" (max) (6.63m x 5.54m)
L-Shaped room. Two radiators, double glazed windows to front, side and rear, double glazed door to side.

BEDROOM THREE: 12' 4" x 10' (3.76m x 3.05m)
Doubled glazed windows to rear and side, radiator.

UTILITY ROOM: 9' 6" x 6' 6" (2.9m x 1.98m)
Double glazed window to rear, double glazed door to rear, boiler storage cupboard housing oil boiler, airing cupboard, single drainer stainless steel sink unit with mixer taps above, worktop with cupboard under and matching wall mounted unit above, part tiled walls.

BATHROOM: 7' 4" x 6' 6" (2.24m x 1.98m)
Frosted double glazed window to rear, low level WC, wash hand basin, panelled bath, radiator, extractor fan, part tiled walls.

BEDROOM TWO: 10' 3" x 14' 9" (narrowing to 10'8") (3.12m x 4.5m)
Double glazed window to side, radiator.

EN-SUITE SHOWER WET ROOM: 10' 4" x 6' 6" (3.15m x 1.98m)
Frosted double glazed window to side, low level WC, wash hand basin, fitted shower, tiled walls, heated towel rail, electric blow heater. This room was previously a bedroom with access from the hallway and could easily be converted back to a bedroom, making a fourth bedroom or meaning bedroom three could be used as a study.

INNER HALL:
Fuse board.

BEDROOM ONE: 12' 6" x 11' 8" (3.81m x 3.56m)
Double glazed windows to rear and side, large storage cupboard, radiator.

EN-SUITE SHOWER ROOM:
Double glazed window to side, low level WC, wash hand basin, fully tiled and enclosed shower, part tiled walls, electric blow heater.

FRONT:
To the front of the property, Randoms is approached by a good sized driveway which offers ample parking and has a turning area around a central island. This driveway in turn provides access to the double width garage. The bungalow is set well back from the road and has established gardens mainly laid to lawn with mature bushes and trees.

REAR GARDEN:
To the immediate rear of the bungalow there is paved patio area which leads onto the lawned area. The majority of the rear garden is laid to lawn enclosed by a new wooden panelled fence to the Eastern boundary and bush and tree borders to the North and West boundaries. Towards the bottom of the garden there is a useful OUTBUILDING which is of block construction and is split into two areas. The main area is 14' 4" x 11' 5" and has power and light connected, with window to side, the other adjoining area is 14'2" x 5'. To the side of the bungalow there is a screened area with the oil tank and wooden gate leading to the front. To the other side of the bungalow there is another gate leading to the front. In total the whole plot is approaching three quarters of an acre (0.72)

GARAGE: 20' 0" x 16' 0" (6.1m x 4.88m)
Power and light connected, electric roller door, ample eaves storage, double glazed frosted window to front, door to rear.

Room title:
Double glazed door leading to:

VIEWING:
Strictly by prior appointment with Stanfords, call 842156 and ask for Steve or Nina.

TENURE:
The property is available freehold with vacant possession upon completion.

SERVICES:
The property has the benefit of mains electricity and water. Heating is via oil fired boiler to radiators.

Nearest Stations:

2.83 miles
Colchester Town
2.88 miles
Marks Tey
3.06 miles
Colchester
3.69 miles
Hythe
4.72 miles
Wivenhoe

Map location is not available for this property.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 576075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 17375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 54825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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